Nifty,,struggled NOT in between levels ,but in between two extremes of human psychology.first, it was extreme FEAR..Till friday,,europe was creating heavy panic...and overnight announcement of huge bail-out by eu--imf ..suddenly HOPE became the factor,,and markets worldwide turned overly bullish...
Technicals had all the answers. FIRST it was the EXPANDING structure at the top,,and than channel support at an important fibonacci level...
I am just posting a nifty chart, which is NOT updated. its the one ,which i posted here ,on 17th april. just go through the comments posted on that day.
1 comment:
Still in a nice upward channel though.
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